General Discussion

Yes, in December 2008, U.S. gas prices dropped to their lowest point in roughly five years, following a historic spike to record highs just months earlier.
After hitting a record average of over $4.10 per gallon (Bush) in July 2008, prices fell precipitously due to the global financial crisis and recession, which severely reduced oil demand.
By the end of December 2008, the president-elect's national average for regular gasoline dropped to approximately $1.61–$1.67 per gallon.

...and no one was using the term 'democrat president'.